wood for sheep?
this post was submitted on 28 Jan 2024
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If you include maintenance and taxes, it actually sold for less than the same amount of money invested in an index fund.
Still a tough bind for someone who isn't already a homeowner. I've put a lot into index funds which have performed really well, but if I sell them now to buy a house and the real estate market shits the bed (which it really should), then I'm in an even worse place. I remember talking to people in 2007 who complained they would "never be able to afford a house", but three years later their local listings fell by 30-40%.
Look, unless you're renting it out, your house isn't an investment. It grows in value and that's nice, but you'll spend more on maintenance and improvements than it will increase in value.
Your house is your house.
It will cost you less than paying rent, so it's absolutely an investment